political philosophy that supports economic liberalization
Neoliberalism is a term used by scholars and critics primarily in reference to the 20th century resurgence of 19th century ideas associated with laissez-faire economic liberalism.
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- Neoliberalism, despite the claim by its adherents that it was simply an economic theory, was from its beginnings a class project articulated on behalf of the interests of capital.
- Marnie Holborow, Language and Neoliberalism (2015) p. 92
- In short, “neoliberalism” is not simply a name for pro-market policies, or for the compromises with finance capitalism made by failing social democratic parties. It is a name for a premise that, quietly, has come to regulate all we practise and believe: that competition is the only legitimate organising principle for human activity.
- Stephen Metcalf, "Neoliberalism: the idea that swallowed the world" (2017)